1056 ET - U.S. natural gas inventories fell by 261 billion cubic feet last week to 1,840 Bcf, widening the storage deficit to 238 Bcf below the five-year average and 561 Bcf below the year earlier level, the EIA reports. The seventh consecutive triple-digit weekly draw is roughly in line with the 265 Bcf drawdown estimated in a Wall Street Journal survey of analysts. Natural gas futures have been limited by a recent warmup in March weather forecasts, while tight inventories provide support. The Nymex front month is up 2.1% at $4.043/mmBtu. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
February 27, 2025 10:56 ET (15:56 GMT)
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